The Greek crisis and the future of the Eurozone

By: Paul De Grauwe

Sorting out the Greek crisis remains the absolute priority in the short-term.

Greek Competitiveness Is Not the Issue, Fiscal Discipline Is

By: Erik Jones

The simple fact of the matter is that Greece is having a fiscal crisis. It would have had that crisis whether or not it was in the eurozone.

Europe in Dire Straits – don’t be Brothers in Arms.

By: Henrik Enderlein

The case against bailing out Greece.

How should the Eurozone handle Greece?

The political pros and cons for no support, a European rescue and a call for the IMF.

The Euro Area's political constraints

By: Wolfgang Münchau

Not all policy solutions are possible in a monetary union. There are severely constitutional constraints.

When Does It Hurt?

By: Ansgar Belke

The exchange rate “pain threshold” for German exports is at $1.55 to the euro.

Fiscal policy in Central and Eastern Europe

By: John Lewis

Countercyclical but deteriorating with EU membership.

The problems with the Schäuble proposal

By: Wolfgang Münchau

The real bullet is not the EMF, but the exit clause, which could become a self-fulfilling prophecy.

Eurozone Meltdown

This is the first in a new series of regular briefing notes on important issues facing the euro area. In this briefing note we are asking whether the euro area could ever break up. We think not. But we are not as certain as we used to be.

The Primacy of Politics

By: Barry Eichengreen

Politicians managed to ward off a Great Depression. But they did little more. A Japanese scenario is now becoming very likely.

Nobody is prepared for a double-dip recession

By: Wolfgang Munchau

The green shoots look increasingly shriveled in the light of the latest economic data, which show that the world economy is still on the same trajetory as during 1930s. The strategy by governments to wait to the end of the recession to sort out all problems is not working.

Why this crisis is collective action problem

By: Wolfgang Münchau

We need global policy co-ordination in at least three areas to get out of this severe crisis: stimulus, bank rescue and financial crisis prevention. The G20 is not even close to agreeing on an effective response on any one of those issues.

The economics of global policy co-ordination

By: Eurointelligence

We present a detailed analysis of some recent research of the size of large country stimulus packages, about the effect of economic stabilisers, and conclude that stimulus will always be insuffient unless co-ordinated.